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REGISTERED NUMBER: 04795621 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Oak Park Leisure Limited

Oak Park Leisure Limited (Registered number: 04795621)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oak Park Leisure Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P A Teague





SECRETARY: Mrs G Teague





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 04795621 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Oak Park Leisure Limited (Registered number: 04795621)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,579 131,992
Investments 5 1,000 1,000
105,579 132,992

CURRENT ASSETS
Debtors 6 66,401 66,401
Cash at bank 10,030 12,365
76,431 78,766
CREDITORS
Amounts falling due within one year 7 132,234 169,092
NET CURRENT LIABILITIES (55,803 ) (90,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,776

42,666

PROVISIONS FOR LIABILITIES 1,615 1,629
NET ASSETS 48,161 41,037

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,061 40,937
SHAREHOLDERS' FUNDS 48,161 41,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





P A Teague - Director


Oak Park Leisure Limited (Registered number: 04795621)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Oak Park Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Oak Park Leisure Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Freehold property - 5% on cost
Plant and machinery - 20% on reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Oak Park Leisure Limited (Registered number: 04795621)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 546,031 9,013 555,044
DEPRECIATION
At 1 July 2022 414,602 8,450 423,052
Charge for year 27,300 113 27,413
At 30 June 2023 441,902 8,563 450,465
NET BOOK VALUE
At 30 June 2023 104,129 450 104,579
At 30 June 2022 131,429 563 131,992

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 1,000
NET BOOK VALUE
At 30 June 2023 1,000
At 30 June 2022 1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Paul's Plaice Limited
Registered office:
Nature of business: Fish and chip shop
%
Class of shares: holding
Ordinary 100.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves 1,029,795 1,051,151
Profit for the year 62,644 55,639

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 66,401 66,401

Oak Park Leisure Limited (Registered number: 04795621)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 121,121 156,954
Taxation and social security 8,713 8,534
Other creditors 2,400 3,604
132,234 169,092

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed an amount of £66,401 (2022 £66,401) by Teague Estates Limited, a company in which a director holds a material interest.

At the balance sheet date the company owed an amount of £121,121 (2022 £156,954) to Paul's Plaice Limited, a company in which a director holds a material interest.